ACME Lithium (ACME Lithium) Total Assets : $9.96 Mil (As of Mar. 2024)

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What is ACME Lithium Total Assets?

ACME Lithium's Total Assets for the quarter that ended in Mar. 2024 was $9.96 Mil.

During the past 12 months, ACME Lithium's average Total Assets Growth Rate was 105.70% per year. During the past 3 years, the average Total Assets Growth Rate was 542.90% per year. During the past 5 years, the average Total Assets Growth Rate was 260.90% per year.

During the past 6 years, ACME Lithium's highest 3-Year average Total Assets Growth Rate was 542.90%. The lowest was 196.00%. And the median was 343.20%.

Total Assets is connected with ROA %. ACME Lithium's annualized ROA % for the quarter that ended in Mar. 2024 was -6.45%. Total Assets is also linked to Revenue through Asset Turnover. ACME Lithium's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

ACME Lithium Total Assets Historical Data

The historical data trend for ACME Lithium's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ACME Lithium Total Assets Chart

ACME Lithium Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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0.04

3.11

10.62

9.64

ACME Lithium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															10.74	10.73	9.64	9.49	9.96

ACME Lithium Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

ACME Lithium's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	9.132	+	0.511
	=	9.64

ACME Lithium's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	9.524	+	0.44
	=	9.96

ACME Lithium (OTCPK:ACLHF) Total Assets Explanation

Total Assets is connected with ROA %.

ACME Lithium's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-0.628	/	( (9.494	+	9.964)	/ 2 )
	=	-0.628	/	9.729
	=	-6.45 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

ACME Lithium's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (9.494	+	9.964)	/ 2 )
=	0	/	9.729
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

ACME Lithium Total Assets Related Terms

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ACME Lithium (ACME Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ACME Lithium Inc (OTCPK:ACLHF) » Definitions » Total Assets

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ACME:Canada

Address

318 - 1199 West Pender Street, Vancouver, BC, CAN, V6E 2R1

Website

https://www.acmelithium.com

ACME Lithium Inc is a mineral exploration company engaged in the acquisition, exploration, and evaluation of natural resource properties located in the State of Nevada, USA, and Manitoba, Canada. The company's projects include Clayton valley, Fish lake valley, Shatford lake, Cat-Euclid lake, Birse lake, and Bailey lake.

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